Was doing some research on the net and most of them told me not to use paypal exchange rate as it is higher so I decided to go with bank exchange rate instead. Upon paying for the goods from ebay, I realized bank exchange rate was significantly higher and I was shocked. Anyway, anyone has experience to share whether to use paypal or bank exchange rate? Mine is CIMB debit card btw.

if USD, paypal charge much higher, something like extra 20cent.

i will always avoid paypall exchange rate

Maybe the extra was because of cross border fees and not exchange rate? CIMB got this extra charge for any PayPal transaction. Best to avoid CIMB card for PayPal.

Usually I use maybank or bank islam cards. I find bank's exchange rate always better than PayPal's.

About cross border fees: https://forum.lowyat.net/topic/2519936

Thanks bro, really appreciate it, I guess I should change my main card to Public bank back.

How do you even change to use the bank exchange rate? I've never been given the option before - always end up using the PayPal rate

I thought CIMB already blocked PayPal for debit cards. Mine sure as hell ain't working.

You need to call & opt in for "card not present" transactions.. Block will be lifted.

Already did call them but I just mention I wanted to use my debit card for PayPal. They said it can't since Bank Negara blocked all online/mail order. Thanks, will try your way later.

https://forum.lowyat.net/topic/2829174/+60
and
http://lifehacker.com/5957808/avoid-paypal...e-little-option

i use bank exchange rate...

Use Bank Exchange Rate at all times. Literally all times. No matter how the rate would still be better than PayPal's.

Thats literally how PayPal make money

Correct, but there is only one downside. In case of refund, you may lose some money because bank's exchange rate is not fixed, as opposed to PayPal.

Example, you paid USD100. Say the transaction was cancelled, and seller refund USD100. If u used PayPal's rate at the first place you will get the exact amount u paid. But if chose bank's rate, you might receive less as it follow the bank's rate of the day.

Happened to me once, quite a lot of difference due to weakeaned MYR.

Yes it does, that's the downside of it, but even at most you'll only lose maybe ranging from 3-10% max in currency fluctuation.

But you'd save quite an amount from using Bank's rate instead.

PayPal rate 1usd = 4.23MYR
XE.com rate 1usd = 4.11MYR
Maybank rate 1usd = 4.17MYR

Hmmm I am not sure how did they count. Bought an 18usd goods from ebay. Paypal charges me rm75. something after conversion. Using Public Bank however causes me an extra rm3 which was around rm
78.something. I always thought bank rates are better?

Yes, supposedly bank rates are better. I just ordered something via eBay as well. PayPal charged me 4.28 but mine was 4.17

Hmm, that's strange. Do you mind sharing what bank you are using? Cards type do not influence it right? Still wondering where does the extra cost comes from.

Maybank. Card types do I reckon, certain fees charged on different cards

u might wanna use western union instead. charge $M 28 for each transaction, but they generally quote exchange rate cheaper than banks.

so.gnificantly more untung if you transfering big amount of money.

Dont think its covered by Ebay buer protection bro